Barclays to price buffered return enhanced notes linked to Dow Jones - UBS Crude Oil 3 Month Forward

By Angela McDaniels

Tacoma, Wash., June 8 - Barclays Bank plc plans to price 0% buffered return enhanced notes due July 1, 2011 linked to the Dow Jones - UBS Crude Oil 3 Month Forward sub-index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 1.625 times any index gain, subject to a maximum return of at least 24.375%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The exact upside leverage factor and maximum return will be set at pricing.

The notes are expected to price June 11 and settle June 18.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

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